LONDON--(BUSINESS WIRE)--
Metal Tiger Plc
("Metal Tiger" or the "Company")
Botswana Update
Metal Tiger plc (LON:MTR) the London Stock Exchange AIM listed investor in strategic natural resource opportunities is pleased to note MOD Resources (ASX:MOD) announcement today with regard to the Company’s Joint Venture (“JV”) project with MOD Resources in the Kalahari Copper Belt in Botswana (70% MOD Resources / 30% Metal Tiger).
Metal Tiger notes that MOD has announced that it expects the results for Metal Capital’s scoping study for a potential open pit mining operation at T3 to be completed and announced during November, one month ahead of when previously anticipated. Metal Tiger notes that the scoping study has been conducted to evaluate the potential for a 9-10 year mine life with an initial 2Mtpa processing plant on site.
A copy of MOD’s announcement can be found at the following link:
http://www.asx.com.au/asxpdf/20161114/pdf/43cwb0d8j2nhyp.pdf
Alex Borrelli Chief Executive Officer of Metal Tiger commented:
“I am pleased to note the positive development that the scoping study will be completed nearly 1 month ahead of schedule. I look forward to meeting with our JV partners during their visit to London at the end of November and I am very encouraged by the recent gains in the price of copper and the potential to positively impact demand for copper assets”.
For further information on the Company, visit: www.metaltigerplc.com:
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Alex Borrelli
(Chief Executive Officer) |
Tel: +44 (0)207 099 0738 | |||
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Terry Grammer
(Non-Executive Chairman) |
Tel: +44 (0)207 099 0738 | |||
|
Sean Wyndham-Quin
Neil Baldwin |
Spark Advisory Partners Limited
(Nominated Adviser) |
Tel: +44 (0)2033 683 555
|
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Nick Emerson
Andy Thacker |
SI Capital
(Joint Broker) |
Tel: +44 (0) 1483 413 500 | ||
|
Andrew Monk
Andrew Raca |
VSA Capital Limited
(Financial Adviser and Joint Broker) |
Tel +44 (0) 20 3005 5000 |
Notes to Editors:
Metal Tiger plc is listed on the London Stock Exchange AIM Market (“AIM”) with the trading code MTR and invests in high potential mineral projects with a precious and strategic metals focus.
The Company’s target is to deliver a very high return for shareholders by investing in significantly undervalued and/or high potential opportunities in the mineral exploration and development sector timed to coincide, where possible, with a cyclical recovery in the exploration and mining markets. The Company’s key strategic objective is to ensure the distribution to shareholders of major returns achieved from disposals.
Metal Tiger’s Metal Projects Division is focused on the development of its key project interests in Botswana, Spain and Thailand. In Botswana Metal Tiger has a growing interest in the large and highly prospective Kalahari copper/silver belt. In Spain Metal Tiger the Company has tungsten and gold interests in the highly mineralised Extremadura region. In Thailand Metal Tiger has expanding interests over licences, applications and critical historical data covering antimony, copper, gold, silver, lead and zinc opportunities.
The Company has access to a diverse pipeline of new opportunities focused on the natural resource sector including physical resource projects, new natural resource centred technologies and resource sector related fintech opportunities. Pipeline projects deemed commercially viable may be undertaken by Metal Tiger or by an ISDX or AIM partner with whom the Company is engaged.
Metal Tiger also has an Asset Trading Division that holds various financial instruments for trading purposes including equities, warrants and royalty income. The aim of the division is to generate profits to reinvest into the Company’s project based activities.